Overall, it’s certainly great for investors that we’ve entered the phase of the bull market in which nearly everyone is becoming much more upbeat about stocks. After all, it’s obviously much easier to make money now in the market than it was last year and many times easier than was the case in 2022. At the same time, however, it’s also becoming much easier to get enticed into buying stocks with poor fundamentals that are nevertheless rallying due to investors increased optimism. Of course, those who buy suc ...

It has been about a month since the last earnings report for Cirrus Logic (CRUS) . Shares have added about 1.6% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Cirrus Logic due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Cirrus Logic Q3 Earnings Top EstimatesCirru ...

Key PointsCirrus Logic's shares lagged behind those of its bigger peers last year, but that's set to change. This week's earnings have caught investors by surprise in the best possible way. Already, the stock is tracking towards last year's all-time high and looks good value to keep on going. 5 stocks we like better than Cirrus LogicWith so much of the talk around semiconductor stocks dominated by the likes of NVIDIA Corp NASDAQ: NVDA, Advanced Micro Dynamics NASDAQ: AMD, and the like, it's easy to think th ...

Shares of Cirrus Logic (CRUS 14.59%) jumped as much as 18.6% higher on Wednesday, cooling down to a robust 14.6% gain at the end of the day. The designer of audio control and voice-processing chips reported fantastic third-quarter results that exceeded analyst expectations by a country mile.Q3 earnings crushed expectationsYour average Wall Street firm would have settled for earnings of roughly $2.01 per share with revenues near $540 million. Instead, Cirrus saw sales increase 5% year over year to $620 milli ...

Cirrus Logic Inc. (CRUS) reported third-quarter fiscal 2024 adjusted earnings per share (EPS) of $2.89, which beat the Zacks Consensus Estimate by 43.8%. Also, the bottom line increased 20.4% from the prior-year quarter’s $2.40.Total revenues of $619 million surpassed the Zacks Consensus Estimate by 14.7% and increased 5% year over year. The uptick was driven by solid sales of components shipping and smartphones, owing to strength in orders from its largest customer.Following the announcement, the company’s ...

Cirrus Logic, Inc. (NASDAQ:CRUS) Q3 2024 Earnings Conference Call February 6, 2024 5:00 PM ET Company Participants Chelsea Heffernan - VP, IR John Forsyth - President and CEO Venk Nathamuni - CFO Conference Call Participants Tore Svanberg - Stifel Matt Ramsay - TD Cowen Thomas O'Malley - Barclays Christopher Rolland - Susquehanna Financial Group Ananda Baruah - Loop Capital Markets Operator Ladies and gentlemen, thank you for standing by. Welcome to the Cirrus Logic Third Quarter Fiscal Year 2024 Financ ...

Cirrus Logic (CRUS) came out with quarterly earnings of $2.89 per share, beating the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $2.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 43.78%. A quarter ago, it was expected that this chipmaker would post earnings of $1.54 per share when it actually produced earnings of $1.80, delivering a surprise of 16.88%.Over the last four quarters, the company h ...

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (NASDAQ: CRUS) today posted on its website at investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the third quarter fiscal year 2024, which ended December 30, 2023, as well as the company’s current business outlook. “ Cirrus Logic delivered record revenue and earnings per share in the December quarter,” said John Forsyth, Cirrus Logic president and chief executive officer. “ In addition to our outstanding f ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ____ to ____ Commission File Number 0-17795 CIRRUS LOGIC, INC. (Exact name of registrant as specified in its charter) | Delaware | | | 77-0024818 | | --- | --- | --- | - ...

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic (Nasdaq: CRUS) announced today a collaboration with Intel and Microsoft on a new PC reference design which will feature Cirrus Logic's high-performance audio and power technologies and Intel's forthcoming client processor, codenamed Lunar Lake. In addition to creating a richer, more immersive audio experience for laptops, this collaboration will also reduce heating, extend battery life, and enable smaller, thinner designs. The reference design features the Cir ...